For Two Parties to Enter into an Agreement, or Contract

question 15

Multiple Choice

For two parties to enter into an agreement, or contract, both must be capable of understanding the terms and conditions. This is referred to as ____.

• A) consideration
• B) agreement
• C) expressed contract
• D) contractual capacity
• E) implied contract

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Definitions:

Training Program

Structured educational or skill-building initiatives designed to enhance the knowledge or capabilities of participants.

Severed Contract

A contract that has been divided into separate parts, treating each as distinct for purposes of enforcement or breach.

Personal Torts

Legal actions based on claims of injury or harm to an individual's body, emotions, or reputation.

Parental Liability

A legal principle holding parents legally responsible for certain actions of their minor children.